@Todd Shields @Luis RojasI believe wholesaling doesn't work in Canada as well as it does in the US for a couple reasons:1) The rate of mortgage default is MUCH lower than it is in the states.

I suggest that people start with distressed property lists such as foreclosure and defaulted property taxes.

Do not pay referral fee to non-agent whatsoever. let me say this...the law is not against you purchasing for profit, but it is against you not disclosing your interest......HERE IS THE BIG ONE. be careful if you buy them in default!

Tenant doesn't show up, win by default.  

I am looking at a sub2 deal with the following details:1) Motivated seller that understands sub2 deals2) 1st mortgage with rate of 2.75% 30 year ARM (loan is current)3) 2nd mortgage (originally a HELOC) has been in default for 5 years & was already charged off (a charge off means the lender is no longer in collection mode, wrote off the debt, but does NOT equate to the debt or lien against the property being canceled as some people think).

Oftentimes the KP is also the default managing member in case the lead becomes incapacitated, passes away, or is voted out.CF = cash flow, specifically the cash flow I receive from distributions.    

You need to ensure you would have properly documented enforcement mechanisms to protect your investor in the event of a default or should something happen to you.Not spending a few hundred dollars to do something correctly, when the cost of incorrect execution could be tens or hundreds of thousands of dollars is just plain foolish.

Lastly as @Mark Brogan said people who are in default on their taxes may be motivated sellers. 

Or, they default in 5-10 years and I resell it 5k down, 900 a month again :).

In other words what recourse is listed in case of a default on the agreement.Someone dropped the ball if this is a whole house system.The seller should have been made to sign a statement that the system is paid for and no amount is owed.No legal advice given.